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Chapter 2 General Partnerships
3 cards·by Jbarbermoss
How may a partnership be formed?
A partnership may be formed y two or more people working together.
Partnerships must define the rules and principles that govern relationships between who?
Partnerships must define the rules and principles that govern: 1.The relationships among
the partners, 2.The relationships between each part
What are the 3 elements that define a partnership?
A partnership is…. 1. an association of two or more persons 2. To carry on as co-owners of a
business 3.for profit.